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Ryan: We Know What We Believe In

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May 04, 2016 | Ian Martorana (202-225-3031) | comments

WASHINGTON, DC Earlier this week, Wisconsin’s First District congressman and speaker of the House, Paul Ryan, spoke with WCLO’s Tim Bremel.

Excerpts of Ryan’s answers follow:

Crafting an agenda for a #ConfidentAmerica:

“It’s coming [along] very well. It is five categories:

“This is an agenda. Members of Congress are engaged, working with each other to put this together. . . . And then we roll out [in] early summer around June, before the Cleveland convention. [We will] show an agenda to the country on what we think are the big fundamental issues to get our country back on track. . . ."

"And I think one of the crown jewels is tax reform. I was at the Chamber of Commerce with the folks from Mukwonago Saturday night talking about this issue. You’ve got all these businesses that are competing with other countries—Canada, England, Mexico, China—and we tax our businesses at such higher rates than they tax theirs, and it’s putting us at a huge competitive disadvantage.”

Doing the people’s work:

“I feel good about unity in the House Republican Conference. We’ve already been able to pass the biggest transportation legislation in a decade, K-12 education reform. We rewrote our trade export laws, our trade accountability laws. We made tax policies permanent for businesses at the end of the year. We are in the middle of moving opioid reform, and we’re moving criminal justice reform soon after that—all based on consensus in the House. So, we’ve been showing we can get some pretty good things done. . . . We already know what we believe in, we know what the country’s problems are, we listen to our constituents, and so that’s why we are working on this agenda now and not waiting.”

Standing up for retirees and savers by blocking the administration’s fiduciary rule:

This [rule] is classic big government helping really big businesses and hurting the small guy. Go across the street to the Hayes Block, and [ask] those men and women who are selling investment advice, setting up 401ks and IRAs for middle-income Janesville [residents]. This is the government writing a new rule that makes it nearly impossible for businesses to offer investment advice to their clients and therefore they won’t continue to do so. [This] is a rule nobody in Congress gets to vote on whether it goes into place or not. That’s why we did something extraordinary called the Congressional Review Act, to say ‘This is something Congress does not approve of. It exceeds the executive branch’s authority.’

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“Everybody is in favor of disclosure, everybody is in favor of making sure the interest of the investment advisor is aligned with the interest of the client; nobody opposes that. But it’s the kind of rules they are putting in place that will make it impossible for low- and middle-income people to get investment advice to save for whatever they want to save for—retirement, a kid’s college fund, a rainy day fund—they will go out of business because of this rule.”

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